adzino
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September 12, 2020, 01:55:04 PM |
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For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?
How do you know that they didn't sell their coins when the price was $20,000? Even if they didn't they probably had different goals. They might be waiting to sell their coins when the price reaches $25,000. They believe that the coin they have invested in has more potential and is undervalued. Isn't this a good sign? They don't fall for FOMOs, hence they don't even think about panic selling. This is a trait every investor should have. Set a goal and keep holding until the goal has been reached. But it is a whole different story if you are holding a shitcoin. Exit as soon as you can or else you will be wasting time holding the coin.
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CLEO.one
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September 14, 2020, 12:20:18 PM |
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This is why you need to define you mindset. Holding has been profitable in the long run, but yes if you have the time you can have an allocated trading stack and play with that. Many traders don't touch a lot of the data so backtesting can be a great edge. For example I've been running a range based strategy in the past 30 days and it's beating buy and hold by almost 20%. Nothing more than: Buy when price is crossing up 10,000 and sell at 10,200, etc.. I tested different versions on the previous 2 Septembers (known as down months) and wanted my stack protected. But my long term holds - I do not touch.
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AnonBitCoiner
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September 14, 2020, 12:41:45 PM |
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For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?
If we hold too much, it's not a good one. I had brought 1 Eth and hold it in my wallet over 3 months. Now price of Eth reduced to 370$, same Eth had reached upto 470$.I had thought the price of Eth will increase further, when the price was 470$.Now it reduced to 370$, nearly 100$ reduced. If I had sold at 470$, it will be good move from my side. Now It's like I had lost the good opportunity.
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Majharul Saiif
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BountyMarketCap
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September 14, 2020, 12:50:56 PM |
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I suggest not holding for a very long time and sell it when it is reached in higher or you need money in positive market value. Because maybe you hold for a big gain but in this unstable market your expectation will not come in this period and you can't wait for this then you have to sell it is a very low price. To avoid this situation I prefer to sell at a well market price and buy more BTC at a low market price.
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isaac_clarke22
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September 14, 2020, 01:44:33 PM |
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~
Can't blame those newbs. It ain't no peak if they aren't still satisfied on how much they get. They keep believing and believing and believing that there's next to whatever that price they managed to hold at. There ain't no peaks to some greedies. Sure that they can see the bottom to buy more but going to the moon is like an endless dream for them.
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posi
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September 14, 2020, 03:53:43 PM |
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In the end people need to understand whats is good for them which they can handle because crypto portofolio managing is not easy as people think but hodling is the safe way of crypto investment if the investors know how to choose the perfect coin and have strong patience.
We should know what we're entering too or buying, based on my experiences from holding before You make a good point which is the reason why I said investors need to have adequate knowledge to choose the perfect coin not by influential or online advise. it doesn't really give me profit since 2017 ATH happens and many of the altcoins I bought and earned from bounties lose their value so it's not advisable to hold longer,
Thats because you invested when the market is at peak and during that season day trading or constant buying and selling for stable coin is the perfect strategy. Despite by at peak price if the coin is good potential coin hodling for long is the perfect decision. note that some of the coins I bought were in ICO price and was not able to sell n the ATH that time hoping these coins will still make it's price recover after the dump. It's a mistake learned.
This is the reason why you believe hodling is not advisable while it totally advisable. ICO or IEO coins shouldnt be hold for long and the best thing to do is to sell when the coin offer trading competition and buy back later if you love the project concept cause when the competition is over 97% of altcoin usually experience huge dump in price.
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Renampun
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September 14, 2020, 04:19:32 PM |
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'those who make profits are those who are lucky'... It is true that too many HODL will only make you lose the opportunity but finding the right moment to sell is not always found. My advice is to set the price at what price you will sell, then don't even panic when the value of your crypto asset shrinks due to market corrections.
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lixer
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September 14, 2020, 05:36:35 PM |
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No opportunities are being lost as long as you know your plans/target, you will only be losing when you don’t k kw what you’re after. Everyone has different purpose as to why they are buying Bitcoin or any cryptocurrency and I have seen people who say that no matter how low the price of the cryptocurrency drops, they are not ready to sell it and they are continue to keep holding it till it reaches a particular price, and if it doesn’t reach that price, then they are not ready to sell it.
So, the same way you’re seeing it is not how others are seeing it, their targets are different. And btw, that price is going down doesn’t mean that it is over, it can still recover.
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dunfida
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September 14, 2020, 07:31:04 PM |
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'those who make profits are those who are lucky'... It is true that too many HODL will only make you lose the opportunity but finding the right moment to sell is not always found. My advice is to set the price at what price you will sell, then don't even panic when the value of your crypto asset shrinks due to market corrections.
Really hard to say on not to panic but when you are already on the actual situation then its really hard to remove those kind of emotions.Setting a particular goal or profit taking is very much suggested but people do have its own ways.We do miss out good selling opportunities but it doesnt mean that it wouldnt come out anytime soon the issue here is that it might be taking for more years which would really end up for you to hold up even more longer and missing out lots of opportunities.Profitability will always matter on how you do act.
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Anyobsss
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September 14, 2020, 08:14:50 PM |
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For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?
This is the reason why people should know how to control their emotion and must know where should they take profit. This is like FOMO and greed at the same time. You think that if you sell at $15k, it could go higher so you hold. When BTC peaked at $20k many didn't sell because they thought that it would go higher and that's because of greed. When it dipped they still hold because they said it would recover but its price continued to crash and bottomed at $6k. Hold is good but you should know your exit.
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bocyaj
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September 14, 2020, 11:03:08 PM |
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'those who make profits are those who are lucky'... It is true that too many HODL will only make you lose the opportunity but finding the right moment to sell is not always found. My advice is to set the price at what price you will sell, then don't even panic when the value of your crypto asset shrinks due to market corrections.
They need to use the opportunity to get profit. Their will be good pump in certain project with a certain time interval. We should buy at low and sell at high. It's a simple tactics to get profit from this cryptocurrency. You should wait for your opportunity.
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nasipadang
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September 15, 2020, 01:07:19 AM |
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It is not good to say noobs for every user who wants to hold on to trust, most of the users do HODL because they believe in bitcoin, they don't see from the point of view of "how much profit to get" but "definitely worthwhile". In many cases and some of the readings from the threads on this forum there are users who feel guilty for not getting big profits. And in trading everyone has their own way, it does not mean holding long-term does not get much profit and vice versa for the short term.
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Max2140
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DIGITAL FINANCE
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September 15, 2020, 02:21:03 AM |
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For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?
I would say the best investment strategy in the Bitcoin market is still "Buy & Hold" until you have REALLY good understanding of the market structure and macro factors that influence Bitcoin price. It's always easy to reflect on potential investment decisions in the hindsight but not always easy to execute right trades in the right time even when market structure looks obvious.
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lienfaye
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September 15, 2020, 04:54:33 AM |
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For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?
Each of us has different reasons why we didnt sell at peak price. Some investors are greedy to anticipate a much more higher price while others prefer to reach their set target price before going to sell. As for me I sell if I already profit then buy back once the price decline. But I changed my strategy to be a long term holder. I take profit at times but I still prefer to hold until I see an acceptable price to sell.
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Dorodha
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September 15, 2020, 06:42:33 AM |
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Yes, the state of the crypto market is improving a lot the price of almost every currency is rising so now is a good time to invest. The price of the currencies up front will pump up a lot more if we can keep our wallets safe even if we hold them the chances of theft will be much less. It will usually depend on the individual himself bitcoin is a much better currency for investment and bitcoin is a long-term hold for investment. Analyzing the market well reduces the risk.
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michellee
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September 15, 2020, 08:31:08 AM |
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The current price of bitcoin is still unstable, so it would be better if you always rely on hold until the price has soared. don't be fooled by not buying bitcoins and storing them for a while later.
This time, a hold will be a good solution for people who are afraid to trade because, as you said, bitcoin's price is unstable, and it seems the price is still going up and down. But if you decide to hold, it is better you have a target price to sell, so you don't forget to sell bitcoin when the price start increase because we don't know when the price increases later. I still try to buy a low price of bitcoin, but I don't know if that will work for me or not because the price can get down lower than the price I bought.
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Viscore
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September 15, 2020, 02:44:36 PM |
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The current price of bitcoin is still unstable, so it would be better if you always rely on hold until the price has soared. don't be fooled by not buying bitcoins and storing them for a while later.
This time, a hold will be a good solution for people who are afraid to trade because, as you said, bitcoin's price is unstable, and it seems the price is still going up and down. But if you decide to hold, it is better you have a target price to sell, so you don't forget to sell bitcoin when the price start increase because we don't know when the price increases later. I still try to buy a low price of bitcoin, but I don't know if that will work for me or not because the price can get down lower than the price I bought. We can just hold if there is a reason that is a must and not just seeing because of the volatility itself. If I buy shitcoins today and hold it for at least a year, what we gonna expect for the result? Nothing! and it doesn't deserve either. Holding is not always a thing we need to think about and not all been productive. Holding will depend on the market situation and so the coins that we have been invested in.
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AakZaki
Legendary
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Activity: 2338
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zknodes.org
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September 15, 2020, 06:58:02 PM |
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too long to be patient and hold BTC will indeed miss a good opportunity. It depends on the initial goals to be achieved. when the price of Bitcoin was close to $ 20k in 2017 and haven't sold it yet, then that person is overly patient and literally misses the opportunity to sell the best. sometimes some people are too greedy so they want to keep pushing them to a target that is too high. Appropriate planning and targets to be achieved must be clear, must be disciplined to achieve these targets.
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rexxarofmoknathal
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September 15, 2020, 07:25:27 PM |
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For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?
If we hold too much, it's not a good one. I had brought 1 Eth and hold it in my wallet over 3 months. Now price of Eth reduced to 370$, same Eth had reached upto 470$.I had thought the price of Eth will increase further, when the price was 470$.Now it reduced to 370$, nearly 100$ reduced. If I had sold at 470$, it will be good move from my side. Now It's like I had lost the good opportunity. 3 months is not really a 'HODL'. The terms applies to people who invest for long-term and in your case you just seem to have bought at the top of ETH peak and now you feel disappear because of the price dump. All I can say to you is that if I was in your case I wouldn't worry much and keep HODL-ing. Only in this manner you'll be able to make profit along the lines in the original post. Unfortunately, this is not a playground for 'quick money', you have to hold out.
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michellee
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September 16, 2020, 04:44:42 AM |
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The current price of bitcoin is still unstable, so it would be better if you always rely on hold until the price has soared. don't be fooled by not buying bitcoins and storing them for a while later.
This time, a hold will be a good solution for people who are afraid to trade because, as you said, bitcoin's price is unstable, and it seems the price is still going up and down. But if you decide to hold, it is better you have a target price to sell, so you don't forget to sell bitcoin when the price start increase because we don't know when the price increases later. I still try to buy a low price of bitcoin, but I don't know if that will work for me or not because the price can get down lower than the price I bought. We can just hold if there is a reason that is a must and not just seeing because of the volatility itself. If I buy shitcoins today and hold it for at least a year, what we gonna expect for the result? Nothing! and it doesn't deserve either. Holding is not always a thing we need to think about and not all been productive. Holding will depend on the market situation and so the coins that we have been invested in. We need to stay away from the shitcoins because that can not give us the profit. But we never know which coins that will be not potential to us if we don't analyze. In these situations, many people still hold their coins. It happens to my friends and me. Last trx increase, my friend decides to buy Trx, but I guess that he forgot that the price is at a peak, and suddenly, the price is down, and after a few days ago, the price still down, he tries to buy back at a low price, but that doesn't help him. Right now, what he can do is just hold without knowing when the price will go up again. It happens to the other friend who holds bitcoin, ethereum, and they only hold the coin and hope that the situations will change soon.
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